Huntington Bancshares Incorporated (NASDAQ:HBAN) CEO Stephen D. Steinour bought 18,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $13.33 per share, with a total value of $239,940.00. Following the transaction, the chief executive officer now directly owns 5,142,348 shares of the company’s stock, valued at $68,547,498.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ HBAN opened at $13.54 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.11 and a beta of 1.37. Huntington Bancshares Incorporated has a 52-week low of $11.12 and a 52-week high of $16.52.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.32 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at $25,000. JOYN Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 207.5% in the fourth quarter. JOYN Advisors Inc. now owns 2,079 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,403 shares in the last quarter. FTB Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 1,100.5% in the fourth quarter. FTB Advisors Inc. now owns 2,401 shares of the bank’s stock valued at $28,000 after purchasing an additional 2,201 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at $29,000. Finally, Transamerica Financial Advisors Inc. lifted its holdings in shares of Huntington Bancshares by 562.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 2,721 shares of the bank’s stock valued at $33,000 after purchasing an additional 2,310 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.
HBAN has been the topic of several recent analyst reports. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Zacks Investment Research upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Argus initiated coverage on Huntington Bancshares in a research note on Friday, May 31st. They issued a “hold” rating on the stock. Finally, BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.10.
ILLEGAL ACTIVITY WARNING: This story was first posted by Tech Know Bits and is owned by of Tech Know Bits. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://techknowbits.com/2019/06/12/stephen-d-steinour-purchases-18000-shares-of-huntington-bancshares-incorporated-hban-stock.html.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
Further Reading: What are different types of coverage ratios?
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.